Kl"ckner Pentaplast expands with $51.8 million investment

By Michael Lauzon
Correspondent

Published: November 6, 2012 6:00 am ET

Related to this story

Topics Film & Sheet

MONTABAUR, GERMANY (Nov. 6, 3:55 p.m. ET) — In less than four months under new ownership, rigid film major Kl"ckner Pentaplast Group said Nov. 6 that it will boost global production capacity in $51.8 million worth of investments in Suzhou, China, Cotia, Brazil and Santo Tirso, Portugal.

In Cotia it will install 2.64 million pounds per year of additional coating and laminating capacity for the Latin American pharmaceutical industry. The new capacity complements existing production at Villa Del Totoral, Argentina, and Cotia and allows for more production of Pentapharm alfoil PVdC-coated and Pentapharm Aclar-laminated packaging films for the Latin American pharmaceutical industry.

KP also will hike PVC calendaring capacity at Cotia by 26.4 million pounds per year for Latin America’s pharmaceutical, food, print, card and thermoforming markets.

The Latin America investments will total $15.1 million and create 36 new jobs. The new coating and laminating capacity will start up in fall 2013 with calendering on stream in spring 2014 followed by matte calendering capacity in fall 2014.

KP said it will add more production in Europe for polyester films used mainly for food and consumer packaging. The Santo Tirso, Portugal, plant will start up a new extrusion line in winter of 2013. The $7.2 million program will add 17.6 million pounds per year of extra capacity and hike employment by 25.

KP will open its first production site in China in spring 2013. The Suzhou Industrial Park site will initially focus on transverse oriented shrink films for the growing Chinese market for packaging films. The $29.5 million project will boost KP’s global shrink-films capacity by 13.2 million pounds.

KP broke ground on the 115,000-square-foot Suzhou facility in January 2012. The operation includes a research and development laboratory and will employ about 76.

KP said Pentalabel shrink films offer a range of labeling options, including full-body or partial shrink sleeves, tamper-evident closures and pressure-sensitive labels.

KP, based in Montabaur, Germany, is owned by Strategic Value Partners Investor Group. The Greenwich, Conn., hedge fund bought KP in July. The previous owner was Blackstone Group LP.

“With our new shareholder’s support and partnership, we remain focused on our key strengths and delivering the high quality and superior technical expertise for which we are known,” stated KP CEO Christian Holtmann, in the Nov. 6 news release.


Comments

Kl"ckner Pentaplast expands with $51.8 million investment

By Michael Lauzon
Correspondent

Published: November 6, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

EU sets consumption goal of 40 plastic bags per person by 2025

November 24, 2014 9:27 am ET

Representatives of European Union member states hammered out a deal Nov. 21 to reduce consumption of lightweight plastic bags to 40 bags per person...    More

Image

PET film maker Evertis expanding production in Mexico, Brazil, Portugal

November 20, 2014 2:52 pm ET

Evertis, a PET film maker, is expanding production at plants in Mexico, Brazil and Portugal, the company said.    More

Image

New York City officials avoid taking a stand on plastic bag fee

November 20, 2014 11:28 am ET

New York Mayor Bill de Blasio's administration claimed Nov. 19 to be committed to dramatically reducing plastic bag consumption in New York City, but ...    More

Image

NS Farrington 'on track' to recycle 1 ton of PE per month

November 20, 2014 10:23 am ET

A polyethylene recycling program created by N.S. Farrington & Co. has passed the 60,000 pound mark.    More

Image

GSE hires industry veteran Bob Preston as new CEO and president

November 19, 2014 11:24 am ET

Geosynthetic liner maker GSE Environmental Inc. has named a new CEO and president: Bob Preston, who left plastics machinery manufacturer Davis-Standar...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events